Kindly provide explanations.

Exercise 1. Reacquisition of Shares through Donation In 2018, the Genesis Company issued 150,000 shares of its P10 par ordinary share capital at P25. In 2019, a major stockholder donated 5,000 shares when the market value of the share capital is P40 per share. Subsequently, all the donated shares were sold at P50 per share. Required: 1. Prepare entries to record the receipt of the donated shares and their subsequent sale using two alternatives. 2. State the number of capital shares issued and outstanding after the donation and after the sale of donated shares